28 of 30 < > -/1 On January 1, The Blue Azul Diving Co. had total shareholders' equity as shown below when their shares were selling at $25 per share: Common shares (125,000 shares)... Retained earnings.... Total shareholders' equity... Assume the company declared and issued a 10% stock dividend and that the market price remained constant. The effect of this dividend would increase common shares by $312,500. increase common shares by $250,000. O decrease retained earnings by $250,000. increase common shares by $400,000. udy Online & Benefit from an In-Depth